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shootings, a familiar american policy-making consensus called for federal gun-control laws. more precisely, they want congress to pass the ban on big, dramatic-looking assault-type weapons that existed from 1994 until the law sun-setted in 2004. government, for the past 80 years, or so, has seen its purpose as mainly to respond to society's failures the moment they occur or whenever they are imagined. adam lanza killed with guns so modern, policy-making logic posits that government must pass a law. whether that law will accomplish its goal is irrelevant. policy-making has become an activity that supports the genetic and financial needs of policymakers and their follower tribes. the community's role, we've lately learned, is to provide revenue. where are we going with that? >> i think he started off in a legitimate direction where he talked about how much of the legislation is done with deadlines and during lame-duck sessions. we're responsive as opposed to getting proactive. i get where he's coming from with respect to failures with the assault weapons ban in 1994. if you had a ban prior t
on africa and many believe now is the time. this is an overgeneralization. the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't
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